As Authorized Dealers are aware that the State Bank had updated the existing Foreign Exchange Manual in May, 2016 by incorporating the changes made in the foreign exchange rules and regulations through various FE Circulars/Circular Letters/Notifications etc. issued upto April 30, 2016.

2. Since updation of the above version, several FE Circulars/Circular Letters etc. have been issued upto April 30, 2017 which have been incorporated in the relevant chapters of the Manual. Besides, some of the existing instructions/paragraphs have been slightly amended/deleted in order to bring more clarity and/or to do away with redundancies.

3. Further, while few new forms have been included in Appendix-V of the Manual, some of the existing forms have been revised as a consequence of changes made in the relevant instructions.

4. Accordingly, the Foreign Exchange Manual now stands updated upto April 30, 2017 and has been placed at the State Bank’s website www.sbp.org.pk.